US EditionMusk-Trump Relationship Crashes as President Bashes Billionaire's EV Mandate Interests
- President Donald Trump publicly criticized Tesla CEO Elon Musk on June 4, 2025, over his opposition to a recent EV mandate in a House-passed tax bill.
- The conflict arose after Musk reversed his initial support for the bill due to provisions accelerating the termination of EV tax credits to 2025, which Trump defends as necessary deficit reduction.
- Trump stated the EV mandate involved “a lot of money” and claimed Musk only opposed it after realizing the impact, while Musk denied prior knowledge and accused Trump of ingratitude and misinformation.
- The bill aims to cut deficits by $1.7 trillion and end EV credits early, but the anticipated loss of incentives may hurt Tesla’s market performance, with shares dropping over 8 percent after the dispute became public.
- This public rift between Trump and Musk highlights a growing political and economic division affecting EV policy, corporate subsidies, and their personal relationship going forward.
11 Articles
11 Articles
The relationship between US President Donald Trump and billionaire Elon Musk has seemed like an idyllic partnership in recent months. The president has been promoting Musk's Tesla, while Elon has been working at the Department of Efficiency (DOGE) and standing by his side. However, a few days after Musk left the ministry, a rift has erupted on the X and Truth Social networks, which began with the billionaire's criticism of the budget bill.
'Elon is upset because...': Watch Trump saying Musk is having 'a hard time's due to his EV decision
The trouble between the two started brewing days ago, when Musk denounced Trump’s sweeping tax-cut and spending bill. The president initially held his tongue while Musk campaigned to torpedo the bill, saying it would add too much to the nation’s $36.2 trillion in debt
Musk-Trump relationship crashes as president bashes billionaire's EV mandate interests
WASHINGTON — President Donald Trump hit back at Tesla Inc. CEO Elon Musk over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles. "Elon is upset…
The relationship between US President Donald Trump and his supporter, Tesla CEO Elon Musk, broke down in one fell swoop.
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